About: payment cards

Euro & Finance 10-07-2013

Cultural differences challenge European single payments area

SPECIAL REPORT / New rules to promote a Single European Payments Area (SEPA) will be presented this month, but the EU executive faces cultural as well as regulatory hurdles in attempting to promote online and mobile payments across the EU.
Euro & Finance 09-07-2013

Consumer groups divided over benefits of lower payment-card fees

SPECIAL REPORT / Forthcoming European Commission proposals aimed at reducing charges for payment cards have ignited a debate over whether consumers will benefit, based on previous experiences in Spain and France.
Euro & Finance 17-06-2013

MasterCard chief: ‘New card rules could discriminate’

The European Commission is poised to publish new payments rules covering ‘interchange’ fees, which are charged on card transactions. These could unfairly hit Visa and MasterCard, leaving rivals American Express and Paypal unfair market advantage, says the president of MasterCard Europe.

Cash costs each German €150 each year: Research

Using cash instead of debit and credit cards costs Germans around €150 per person each year, according to an academic study from Steinbeis University in Berlin on the ‘Cost of Cash’.
Euro & Finance 07-06-2013

Payment Services Directive: The new payments landscape

The Payment Services Directive (PSD) was adopted by the EU Council of Ministers in March 2007, but an explosion in e-commerce through the internet and the ownership and use of smartphones has taken place since then. In response to the challenge posed by technology to traditional payments methods, the Commission published a green paper called: ‘Towards an integrated European market for card, internet and mobile payments,’ as a precursor to further rules changes. Following a consultation period an updated Payment Services Directive (PSD II) was published this summer (July 24), with a separate regulation on multilateral interchange fees (MIFs).
Euro & Finance 15-05-2013

Visa Europe agrees to cap inter-bank fee

Visa Europe has decided to cap its inter-bank credit card fees at 0.3% of transaction value for four years, the same level as the rival MasterCard network, to end a European Union competition investigation and stave off a possible fine.
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Euro & Finance 14-05-2013

Commission accepts Visa inter-bank fee cap

Visa Europe, the European licensee of Visa Inc., has offered to cap its inter-bank credit card fees at 0.3% of transaction value for four years, the same level as the rival MasterCard network, to end a European Union competition investigation and stave off a possible fine.
Euro & Finance 24-05-2012

EU wins landmark ruling over credit, payment card fees

Mastercard lost a challenge to an EU ban on its cross-border card fees in a ruling that puts rival Visa Europe squarely in the sights of the European regulators over its charges.
Digital 12-01-2012

EU moves to integrate online, mobile, card payments

The European Commission has moved to further integrate the 27-nation market for card, internet and mobile payments and stave off a lack of competition in that business.

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